Itau Unibanco Holding S.A. (ITUB) vs Shinhan Financial Group Co Ltd (SHG)

Itau Unibanco Holding S.A. and Shinhan Financial Group Co Ltd are both Banks Regional companies. Itau Unibanco Holding S.A. is the larger, with a market value of $43.5B against $37.0B — 1.2× the size. Itau Unibanco Holding S.A. trades at the lower P/E: 10.3× against 10.9×. Itau Unibanco Holding S.A. grew revenue faster over the last twelve months: 29.0% against 12.1%. Shinhan Financial Group Co Ltd has the higher net margin (14.2% vs 12.1%) and the lower return on invested capital (4.47% vs 12.7%). Both pay a dividend; Itau Unibanco Holding S.A. yields more (6.39% vs 5.03%). Across the 20 metrics below, Itau Unibanco Holding S.A. leads on 12 and Shinhan Financial Group Co Ltd on 8.

Valuation

Metric ITUB SHG Banks Regional median
P/E 10.34 10.88 12.15
P/S 1.22 1.47 2.37
P/B 1.98 0.87 1.21
Price to free cash flow 3.08 2.56 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.30 2.65 2.27
Earnings yield 9.67% 9.19% 8.11%
Free cash flow yield 32.49% 39.06% 8.98%

Profitability

Metric ITUB SHG Banks Regional median
Gross margin 44.92% 56.27% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 12.12% 14.18% 18.66%
Free cash flow margin 39.73% 57.45% 21.18%
Return on equity 21.16% 8.55% 10.64%
Return on assets 1.55% 0.66% 1.13%
Return on invested capital 12.72% 4.47% 8.33%

Growth

Metric ITUB SHG Banks Regional median
Revenue growth (TTM) 28.98% 12.11% 6.61%
EPS growth (last fiscal year) 5.94% 11.63% —
Revenue growth, 5-year CAGR 15.52% 11.03% 12.30%
Net income growth, 5-year CAGR 16.99% 4.11% 9.71%

Health

Metric ITUB SHG Banks Regional median
Debt to equity 2.44 1.45 0.22
Current ratio 1.08 0.98 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric ITUB SHG Banks Regional median
Dividend yield 6.39% 5.03% 3.75%
Payout ratio 0.47 0.27 0.27

Size

Metric ITUB SHG Banks Regional median
Market cap 43.50b 36.95b 921.07m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack